3309 Drysdale Ct
Edwardsville, IL 62025
I just started trading options this year to be able to use your
system. Very happy with the results so far. Still a
mystery to me what strike price you decide to pick. I have
only been buying one option for each signal until I make sure I
know how to enter and exit the trades. With my job, I also
may not be able to execute the option trades after the market
closes but that's manageable. Thank you very much.
Matt, I would like to use the 2 hour chart with the dynamic stop
to trade SSO. What is the signal to go long, the ATR flipping
from magenta to cyan? Since we only see the chart on the
nightly newsletter, it would be done next day or is this one of the
systems you are still working out before making it available intra
day? If you have already explained this I apologize for not
paying close attention. Love the systems approach as it puts
my emotions in the back seat.
I see, thank you.
So using the 2 hour chart on SPY, place stop just under $312.81
for the etf. The daily would be down closer to $307.13.
That is if we want to keep our position.
Matt, you have mentioned MAIN as a dividend play. I was
wondering if you could comment on the chart? Been consolidating
lately. Thank you.
We appreciate it greatly!
Matt, in order to trade the upcoming system, I want to make sure
I have the accounts needed. I have a stock and futures
account at TradeStation. I need to open an options account as
well. I know many option traders prefer Think or Swim for
options but since the only option trading I will be doing is the
SPY system, would TradeStation be a good platform to use as well?
I am trying to keep it as simple as possible by having all my
trading accounts under TS. If I am trading the options, I
suppose using the etf''s can be reserved for my 401k since I cannot
trade options in my 401k and just use options for my regular
Matt, do you put a stop on the ES positions?
$Silver Quarterly: Stefano Bottaioli posted a similar chart on
Twitter, third bullish signal in the last 45 years. First leg up in
the 90's was 103.4%, second one which started in 2003 was
That amazing Matt, I have been trying to figure out good
position sizes for the SPY system. So if I understand you
correctly, the allocations are not the same into SPY, SSO, UPRO.
First trade, with the 100k example, would be $2K(SPY), second
$4K(SSO), and third $6K(UPRO)? Occasionally with a fourth
position you would add another $6K into UPRO. Am I
understanding you correctly?
Okay, I've got it, thank you. I guess my confusion is that
the McClellan oscillator is for the Nasdaq but you use it to trade
the $SPX? I suppose I don't know enough about the McClellan
oscillator. Something else to learn. Thanks again.
stevieb294, would it be possible to get the URL for this chart
with the 3EMA and the $SPX? I like the simplicity and believe
it could help me with trading the SPY. Thanks much.
That works well Matt. I have a trade station account but
don't see the cycle indicator you are talking about. Is that
something you created or is it something we can purchase from
Very interesting Matt. If you see the same system setup
using weekly or daily charts, would love to see that too.
That would be great Matt, thanks.
WBA first pinch on Daily
Thanks for highlighting this Matt. The MACD has not
crossed up yet. My plan waits for MACD confirmation but I
suppose a partial position with the flip could be done with small
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!